Infrastructure/Back-end

EIS, a leading provider of Software as a Service (SaaS) platforms for the insurance industry, is set to introduce ClaimSmart™, an intelligent cloud solution designed to revolutionise claims management.

EIS launches ClaimSmart™ to drive down the cost of claims

EIS, a leading provider of Software as a Service (SaaS) platforms for the insurance industry, is set to introduce ClaimSmart™, an intelligent cloud solution designed to revolutionise claims management.
Akur8 and PZU deepen ties: Shaping the future of insurance pricing in the Baltics

Akur8 and PZU deepen ties: Shaping the future of insurance pricing in the Baltics

Akur8, a pioneer in insurance pricing solutions using Transparent AI, is delighted to announce the enhancement of its partnership with the Baltic branches of PZU Group, a leading financial powerhouse in Central and Eastern Europe.
PremFina and Blink Intermediary solutions forge innovative finance partnership for UK brokers

PremFina and Blink Intermediary solutions forge innovative finance partnership for UK brokers

PremFina, a leader in premium finance, and Blink Intermediary Solutions, a standout alternative broking network, have announced a partnership aimed at innovating finance solutions across 1,700 UK broking outlets.
Earnix's Fairness Lab: Shaping the future of ethical AI and ML equity

Earnix’s Fairness Lab: Shaping the future of ethical AI and ML equity

Earnix is at the forefront of addressing this imperative. The real-time AI-powered enterprise rating platform has launched the Fairness Lab. This beta initiative is our commitment to ensuring that your ML models are benchmarks of equity and integrity, adhering to all pertinent regulations.
Revolutionising insurance: The top 6 benefits of automating underwriting

Revolutionising insurance: The top 6 benefits of automating underwriting

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.
PeppercornAI partners with ICE InsureTech to revolutionise insurance with AI

PeppercornAI partners with ICE InsureTech to revolutionise insurance with AI

PeppercornAI, an emerging InsurTech firm, announced its inaugural strategic partnership with ICE InsureTech, a provider known for delivering innovative insurance technology solutions. This collaboration aims...
VIPR, a leading provider of cutting edge software solutions for the global delegated insurance, has appointed a new Chief Revenue Officer (CRO) to spearhead the firm's expansion globally.

VIPR welcomes new CRO to spearhead global expansion plans

VIPR, a leading provider of cutting edge software solutions for the global delegated insurance, has appointed a new Chief Revenue Officer (CRO) to spearhead the firm's expansion globally.
One Inc secures strategic investment from Nordic Capital to spearhead digital innovation in InsurTech

One Inc secures strategic investment from Nordic Capital to spearhead digital innovation in InsurTech

One Inc, a pioneering digital payments platform dedicated to revolutionising the North American insurance industry, has recently announced a significant new investment from Nordic Capital.
Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.

Encova Insurance selects Guidewire Cloud to modernise technology and optimise resources

Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.
Earnix and Sollers Consulting unite to revolutionise insurance sector with AI

Earnix and Sollers Consulting unite to revolutionise insurance sector with AI

Earnix, the premier provider of AI-based Software-as-a-Service (SaaS) solutions for the financial services sector, has joined forces with Sollers Consulting, an international operational advisory and software integrator specialized in the financial domain.

News Stories

Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.

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